(Corrects dollar value of contract in first bullet point and
* Wins $36 mln deal to build power plants in China
* Had signed agreement worth $279 mln on Wednesday
* Shares up 12 pct
Sept 30 China's A-Power Energy Generation
Systems Ltd APWR.O on Thursday won a contract worth RMB 242
million ($36 million) to build power plants, its second such
contract in as many days, sending its shares up 12 percent.
The contract is to build four power plants for the
Liancheng Thermal Power Plant in the city of Hailun in the
Heilongjiang province, A-Power said in a statement.
On Wednesday, the company, which also makes wind turbines,
won a $279 million water conservancy development contract in
the city of Baishan in Jilin province. [ID:nSGE68S0KT]
Both the contracts were won by A-Power's principal
operating unit, GaoKe Energy, which contributes almost all of
the company's revenue.
The contract wins come even as project delays in China have
hurt the company's latest quarterly results. [ID:nSGE67P0IJ]
Shares of the Shenyang, China-based company, which have
gained about 14 percent since its results, were trading up
about 8 percent at $8.20 in late morning trade on Nasdaq.
(Reporting by Vaishnavi Bala in Bangalore; Editing by